ronscarpa Posted December 9, 2022 Report Share Posted December 9, 2022 Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt... Especially if it comes from Mark... RON Frank26 This is very important. The CBI said on Monday, 'We have started the process of lowing gradually the exchange rate of the Iraqi dinar against the American dollar.' You know what that is? Preparing to float. You know what that is also? ...it's a reinstatement process that allows them to reinstate their currency. Mark [Q? : Did Iraq pass its budget today?] I heard they did not…it would have delayed their legislation recess. So it looks like it won’t be passed until January. But, that does not mean they won't Rv. In fact it may be a better time to do it while parliament is not there. 2 ministers today said they could call an emergency session if the CBI did not move forward with a rate change. Walkingstick The CBI is having hot meetings with everyone, every three-letter agency you can think of along with every country...I have never seen meetings like these before. They're extremely hot. Extremely volatile...normally these meeting just go on to the next, to the next, to the next, but every meeting is accomplishing something... Sandy Ingram [Follow up to her 12-7-2022 exchange in Iraq post] Let me clarify...the need to travel for the revalue would only come "if" Iraq prints new money or goes digital with restrictions on the exchange. If Iraq prints new money they could do what Kuwait did and restrict where you can exchange the old currency, which we are holding, for the new currency. 1 3 2 Quote Link to comment Share on other sites More sharing options...
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